Wednesday: A drop of ten thousand points does not indicate a trend reversal, the pullback has stopped, can the new round of recovery and rise break one hundred thousand?
It is human nature to follow the crowd, but one must be aware of their own circumstances. This week, after failing to rise and falling nearly ten thousand points, I have never said that a bull market has turned into a bear market; I have always emphasized that it is merely a trend pullback. Therefore, today’s rise did not catch us by surprise.
I have never believed in omnipotent beings; I just want to be someone who knows when to advance and retreat. One must admit mistakes, and when being criticized, one should stand upright. Being genuine is the foundation for lasting relationships. Indeed, I started shorting from the morning session and continued until the evening session. In the situation where bulls gradually broke new highs, it was inevitable to suffer losses, but one must learn to change direction and not walk down a dark path.
From a technical perspective, building a bottom is about repairing and rising, pushing prices gradually higher. The bull's volume switch maintains the rising pattern. If such a clear recovery can be achieved after a trend pullback, then it is evident that the bulls have regained momentum. The prior pullback pressure of 95,000 has already been broken. Today’s bull market rise has only just begun, and the next step of recovery will continue, breaking new highs is just a matter of time.
No matter whether you will continue trading at midnight, do not go against the trend. When the rhythm is clear, admitting your mistakes is not shameful. Adjusting your mindset to achieve the desired outcome is the original intention and purpose.
At midnight, we will follow the trend, adjusting to buy on the pullback:
In terms of operation, I personally suggest buying in the 95,200-95,600 range, looking for 97,500-98,500.